Machina Capital S.A.S. Purchases 82,273 Shares of Dominion Energy Inc. $D

Machina Capital S.A.S. purchased a new stake in shares of Dominion Energy Inc. (NYSE:D) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 82,273 shares of the utilities provider’s stock, valued at approximately $4,979,000. Dominion Energy makes up 0.6% of Machina Capital S.A.S.’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Illinois Municipal Retirement Fund lifted its position in Dominion Energy by 5.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 145,258 shares of the utilities provider’s stock valued at $8,791,000 after acquiring an additional 8,064 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in Dominion Energy by 4.7% during the 3rd quarter. D Orazio & Associates Inc. now owns 5,349 shares of the utilities provider’s stock valued at $324,000 after purchasing an additional 239 shares during the last quarter. New York Life Investment Management LLC boosted its stake in Dominion Energy by 2.2% during the 3rd quarter. New York Life Investment Management LLC now owns 257,100 shares of the utilities provider’s stock valued at $15,560,000 after purchasing an additional 5,543 shares during the last quarter. AlphaCore Capital LLC boosted its stake in Dominion Energy by 4.7% during the 3rd quarter. AlphaCore Capital LLC now owns 14,293 shares of the utilities provider’s stock valued at $865,000 after purchasing an additional 645 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Dominion Energy by 1.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 166,377 shares of the utilities provider’s stock worth $10,109,000 after purchasing an additional 2,416 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on D. Truist Financial decreased their price objective on Dominion Energy from $66.00 to $62.00 and set a “hold” rating for the company in a report on Monday, October 12th. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, November 2nd. BMO Capital Markets raised their target price on Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company raised Dominion Energy to a “strong-buy” rating in a research report on Thursday, September 24th. Finally, Mizuho set a $68.00 price target on Dominion Energy in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.33.

Dominion Energy Stock Performance

Shares of D stock opened at $68.04 on Thursday. The firm has a 50-day moving average of $64.09 and a 200-day moving average of $65.10. The company has a market cap of $59.85 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.17 and a beta of 0.62. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.88 and a quick ratio of 0.69. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. Dominion Energy had a net margin of 13.99% and a return on equity of 10.09%. The business had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 24.1% compared to the same quarter last year. Equities research analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 20th. Stockholders of record on Friday, December 4th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, December 4th. Dominion Energy’s payout ratio is presently 88.70%.

About Dominion Energy

Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.